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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Federal and Provincial Debt-Interest Costs for Canadians
In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...
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Canadians pay the price for mounting government debt
Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21. ...
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Ottawa and the provinces have a big debt problem
Appeared in the Globe and Mail, January 16, 2020 Governments across Canada will soon unveil their tax and spending plans in their 2020 budgets. This year’s budget season provides an opportunity for the federal and provincial governments to reverse the ...